Planning Alternatives Ltd. ADV Has $693,000 Stock Holdings in Inv Vk Mun Opp (NYSE:VMO)

Key Points

• Planning Alternatives Ltd. ADV increased its position in Inv Vk Mun Opp (NYSE:VMO) by 87.2% in Q1, holding a total of 73,000 shares valued at $693,000.
• Other institutional investors, including US Bancorp DE and Ackerman Capital Advisors LLC, also made significant purchases, resulting in 42.57% of Inv Vk Mun Opp being owned by institutional investors.
• The company announced a monthly dividend of $0.0625 per share, with an annualized yield of 8.2%, to be paid on August 29th.

Planning Alternatives Ltd. ADV grew its holdings in shares of Inv Vk Mun Opp (NYSE:VMO - Free Report) by 87.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,000 shares of the investment management company's stock after buying an additional 34,000 shares during the quarter. Planning Alternatives Ltd. ADV owned approximately 0.11% of Inv Vk Mun Opp worth $693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Inv Vk Mun Opp during the 4th quarter worth $7,598,000. LPL Financial LLC increased its position in Inv Vk Mun Opp by 214.7% during the 4th quarter. LPL Financial LLC now owns 452,242 shares of the investment management company's stock worth $4,396,000 after buying an additional 308,518 shares during the period. Guggenheim Capital LLC increased its position in Inv Vk Mun Opp by 48.2% during the 4th quarter. Guggenheim Capital LLC now owns 945,263 shares of the investment management company's stock worth $9,188,000 after buying an additional 307,338 shares during the period. Ameriprise Financial Inc. increased its position in Inv Vk Mun Opp by 160.3% during the 4th quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company's stock worth $2,909,000 after buying an additional 184,317 shares during the period. Finally, Stifel Financial Corp increased its position in Inv Vk Mun Opp by 72.3% during the 4th quarter. Stifel Financial Corp now owns 201,656 shares of the investment management company's stock worth $1,960,000 after buying an additional 84,593 shares during the period. 42.57% of the stock is owned by institutional investors.

Inv Vk Mun Opp Stock Down 0.1%

Shares of NYSE VMO traded down $0.01 during mid-day trading on Friday, reaching $9.21. The company had a trading volume of 100,519 shares, compared to its average volume of 228,868. Inv Vk Mun Opp has a one year low of $8.81 and a one year high of $10.39. The business's 50-day simple moving average is $9.10 and its 200 day simple moving average is $9.36.

Inv Vk Mun Opp Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a $0.0625 dividend. The ex-dividend date is Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

Inv Vk Mun Opp Company Profile

Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.